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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Both Dutch VastNed funds slide into 2008 loss on revaluations
Both listed property funds of the Netherlands-based VastNed group, Retail and Office/Industrial, swung to a loss in 2008 on property value declines. VastNed Retail posted an indirect investment loss of e112m against e180m profit a year earlier, with the value of investment properties down e123m against a gain of e208m a year earlier. At VastNed O/I, the portfolio shed nearly 5%, resulting in an investment loss of e48.3m, versus e5.6m profit.